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Faculty of Science Handbook, Session 2017/2018

SIQ1001 INTRODUCTION TO ACCOUNTING Assessment:
Continuous Assessment: 40%
Basic principles of accounting – including the role of Final Examination: 60%
accounting standards. Different types of business entity.
Basic structure of company accounts. Interpretation and Medium of Instruction:
limitation of company accounts. English
Assessment: Humanity Skill:
Continuous Assessment: 40% CS2, CT2, LL1
Final Examination: 60%
References:
Medium of Instruction: 1. Richard T. Froyen (2002). Macroeconomics: Theories
English and Policies, 7th ed., Prentice Hall.
2. Case, Karl E. (2007). Principles of Macroeconomics,
Humanity Skill: Pearson Prentice Hall.
CS2, CT1, LL1 3. Sloman, J., Hinde, K. and Garratt, D. (2013).
Economics for Business, 6th ed., Pearson.
References: 4. Bade, R., Parkin, M. (2014). Foundation of
1. Reimers, Jane L. (2007). Financial Accounting, Economics. Pearson.
Pearson Prentice Hall.
2. Hermanson, R.H. and J.D. Edwards (1995). Financial
Accounting: A Business Perspective, 6th ed., Irwin. SIQ2003 FINANCIAL MATHEMATICS AND
3. Hoggett, J., and L. Edwards (1996). Financial DERIVATIVES
Accounting in Australia, 3rd ed., Queensland: John
Wiley and Sons. Time Value of Money: simple interest, compound interest,
4. Kirkwood, L., C. Ryan, J.Falt, and T. Stanley (1993). present and accumulated values, nominal rate of interest,
Accounting: An Introductory Perspective. 3rd ed., force of interest, equation of value.
Melbourne: Longman Cheshire.
5. Meigs, W.B., and R.F. Meigs (1995). Financial Annuities: annuity immediate, annuity due, perpetuity, m-
Accounting. 8th ed., New York: McGraw Hill. thly annuity, continuous type annuity, deferred annuities,
varying annuities.

SIQ2001 MICROECONOMICS Instalments: Amortization, sinking funds, amortization with
continuous payments.
Fundamental principles of economics; price theory which
covers the demand model, supply model and equilibrium Bonds: Types of bonds, pricing formula, callable and serial
point; shape of demand curve and consumer behavior; bonds, other securities.
substitution effects and income; shape of supply curve and
behavior of firms; theory of production and cost of Cash flows: Discounted cash flows, internal rate of return,
production; analysis of competitive markets in the short money-weighted and time weighted rate of return.
term; monopoly and oligopoly.
Term Structure of Interest Rate: Yield curves, spot and
Assessment: forward rates, duration, convexity, immunization.
Continuous Assessment: 40%
Final Examination: 60% Introduction to Derivatives: Forward and futures, short and
long positions, arbitrage, put and call options, put-call
Medium of Instruction: parity, swaps, put-call parity, hedging.
English
Assessment:
Humanity Skill: Continuous Assessment: 40%
CS2,CT2, LL1 Final Examination: 60%

References: Medium of Instruction:
1. Katz, Michael L. and Rosen, Harvey S. (1999). English
Microeconomics, 2nd ed., McGraw Hill.
2. Sloman, J., Hinde, K. and Garratt, D. (2013). Humanity Skill:
Economics for Business, 6th ed., Pearson. CS3, CT3
3. Begg, D. (2012). Economics for business. McGraw Hill
Higher Education. References:
4. Bade, R., Parkin, M. (2014). Foundation of 1. Broverman, S. A. (2010). Mathematics of investment
Economics. Pearson. and credit, 5th Ed., Actex Publications.
2. Kellison, G. (2008). Theory of Interest, 3rd Ed.,
McGraw-Hill.
SIQ2002 MACROECONOMICS 3. McDonald, R. L. (2012). Derivatives markets, 3rd Ed.,
Prentice Hall.
Macroeconomic issues and problems; fundamental 4. McCutcheon, J.J., Scott W.F.(1989). Introduction to
concepts of national income; method of calculating national the Mathematics of Finance, Butterworth-Heinemann.
income; simple Keynesian model; derivation of IS curve,
LM curve, aggregate demand curve, and aggregate supply
curve; relationship between interest rates, monetary
demand, consumption and investments; relationship SIQ3001 ACTUARIAL MATHEMATICS I
between price levels, monetary demand, aggregate
demand and aggregate supply in a Keynesian model. Survival distributions: lifetime probability functions, force of
mortality, moments and variance, parametric survival
models, percentiles, recursions, fractional ages, select and
ultimate life tables.

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